Article 16 Identification of the purpose and intended nature of a business relationship or occasional transaction

the reason the customer has requested the obliged entities’ products or services;

the intended use of the products or services requested by the customer;

the reason for performing the occasional transaction;

whether the customer has additional business relationships with the obliged entity or, where applicable, its wider group, and the extent to which that information influences the obliged entity’s understanding of the customer;

the estimated amount or range of funds to be deposited;

the estimated amount or range of funds to be used in connection with the product offered or service provided, which may be supplemented, where available, with sectoral benchmarks or forecasts;

information to understand the anticipated type and frequency of activities that are likely to be performed during the business relationship or occasional transaction;

information to understand the anticipated number, size, volume, type and frequency of transactions that are likely to be performed during the business relationship or occasional transaction;

employment income, including salary, wages, bonuses and other compensation from employment;

pension or retirement funds and government benefits, including social benefits;

grants;

business revenue;

capital provided by shareholders and intercompany funding;

loans and credit facilities;

saving and investment income and similar activities;

inheritance, gifts, sales of assets and legal settlements;

the expected types of recipient(s);

the jurisdiction where the transactions are to be received;

whether the recipient of the funds is the intended beneficiary of the transferred funds or acting as an intermediary for the beneficiary;

the customer’s employment status;

the sector in which the customer is active, including information on the customer’s industry, operations, products and services;

whether the business activity or the occupation of the customer is regulated, including whether the customer is an obliged entity;

whether the customer is actively engaged in business;

the geographical presence of the customer;

information on the customer’s main sources of revenue;

the customer’s key stakeholders.